CNH vs. NOC: CNH Industrial vs. Northrop Grumman Stock Comparison

November 11, 2026

How do CNH Industrial (CNH) and Northrop Grumman (NOC) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

CNH Industrial (CNH) and Northrop Grumman (NOC) both fall under the Capital Goods industry group, but CNH is classified in Machinery while NOC is classified in Aerospace & Defense.

Company profile comparison for CNH Industrial (CNH) and Northrop Grumman (NOC)
Profile Item	CNH	NOC
Name	CNH Industrial N.V.	Northrop Grumman Corporation
Country/Region	United Kingdom	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Machinery	Aerospace & Defense
GICS Sub-Industry	Agricultural & Farm Machinery	Aerospace & Defense
Market Capitalization	18.59 billion USD	74.59 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	September 30, 2013	December 31, 1981
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CNH

NOC

GSPC

CNH Industrial (CNH) vs. Northrop Grumman (NOC), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for CNH Industrial (CNH) and Northrop Grumman (NOC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for CNH Industrial (CNH) and Northrop Grumman (NOC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for CNH Industrial (CNH) and Northrop Grumman (NOC)
Metric	CNH	NOC
Total Return (1Y)	38.02%	-3.34%
Total Return (3Y, Annualized)	11.70%	7.23%
Total Return (5Y, Annualized)	-0.45%	9.98%

Risk Profile

Drawdown History

CNH

NOC

GSPC

CNH Industrial (CNH) vs. Northrop Grumman (NOC), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for CNH Industrial (CNH) and Northrop Grumman (NOC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Northrop Grumman (NOC) reports a negative beta of -0.12, suggesting inverse market sensitivity over the measurement window. That is uncommon for ordinary equities and can reflect commodity-linked or hedge-like exposure, but it can also come from statistical noise. CNH Industrial (CNH) has a non-negative beta of 1.19.

CNH Industrial (CNH) is heavily traded at around 18.71M shares per day, whereas Northrop Grumman (NOC) sees a more moderate 902.47K — larger orders in the latter may require more patience and tighter control over order sizing.

Risk profile metrics for CNH Industrial (CNH) and Northrop Grumman (NOC)
Metric	CNH	NOC
Volatility (1Y, Annualized)	45.52%	28.86%
Beta (5Y)	1.19	-0.12
Max Drawdown (5Y)	-43.80%	-37.80%
Avg. Volume (3M)	18.71M	902.47K

Risk-Adjusted Performance

Risk-Return Positioning

CNH and NOC are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for CNH Industrial (CNH) and Northrop Grumman (NOC)
Metric	CNH	NOC
Sharpe Ratio (1Y)	0.74	-0.26
Sortino Ratio (1Y)	1.25	-0.37

Profitability

ROE (TTM)

Northrop Grumman (NOC) at 26.07% sits in the top ROE quartile, while CNH Industrial (CNH) at 3.91% is in the bottom quartile, showing a clear gap in returns on equity.

CNH

Capital Goods industry group

3.91%

Max: 40.55%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
CNH: 3.91%
Min: -17.12%

NOC

Capital Goods industry group

26.07%

Max: 40.55%
NOC: 26.07%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

CNH Industrial (CNH) vs. Northrop Grumman (NOC): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Both CNH Industrial (CNH) at 1.71% and Northrop Grumman (NOC) at 10.37% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

CNH

Capital Goods industry group

1.71%

Max: 27.47%
Q3: 12.10%
Median: 6.30%
CNH: 1.71%
Q1: 1.40%
Min: -12.89%

NOC

Capital Goods industry group

10.37%

Max: 27.47%
Q3: 12.10%
NOC: 10.37%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

CNH Industrial (CNH) vs. Northrop Grumman (NOC): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both CNH Industrial (CNH) at 5.54% and Northrop Grumman (NOC) at 12.91% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

CNH

Capital Goods industry group

5.54%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
CNH: 5.54%
Q1: 5.14%
Min: -12.63%

NOC

Capital Goods industry group

12.91%

Max: 36.60%
Q3: 18.33%
NOC: 12.91%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

CNH Industrial (CNH) vs. Northrop Grumman (NOC): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for CNH Industrial (CNH) and Northrop Grumman (NOC)
Metric	CNH	NOC
ROE (TTM)	3.91%	26.07%
ROA (TTM)	0.87%	7.11%
Net Margin (TTM)	1.71%	10.37%
Operating Margin (TTM)	5.54%	12.91%
Gross Margin (TTM)	17.76%	20.03%

Growth

Revenue Growth

Northrop Grumman (NOC) at 2.24% is around its peer norm for revenue growth, while CNH Industrial (CNH) at -8.78% drops into the bottom quartile, signaling weaker demand or pricing momentum.

CNH Industrial (CNH) vs. Northrop Grumman (NOC): A comparison of their Revenue Growth across different time periods.

EPS Growth

Northrop Grumman (NOC) at 2.61% is around its peer norm for EPS growth, while CNH Industrial (CNH) at -58.59% drops into the bottom quartile, signaling weaker earnings momentum.

CNH Industrial (CNH) vs. Northrop Grumman (NOC): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for CNH Industrial (CNH) and Northrop Grumman (NOC)
Metric	CNH	NOC
Revenue Growth (YoY)	-8.78%	2.24%
Revenue Growth (3Y CAGR)	-8.41%	4.65%
EPS Growth (YoY)	-58.59%	2.61%
EPS Growth (3Y CAGR)	-34.96%	-2.60%

Financial Strength

Current Ratio (MRQ)

CNH Industrial (CNH) at 4.88 carries current ratio above its industry’s typical mid-range, while Northrop Grumman (NOC) at 1.23 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

CNH

Capital Goods industry group

4.88

Max: 5.22
CNH: 4.88
Q3: 2.95
Median: 2.08
Q1: 1.43
Min: 0.36

NOC

Capital Goods industry group

1.23

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
NOC: 1.23
Min: 0.36

CNH Industrial (CNH) vs. Northrop Grumman (NOC): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Northrop Grumman (NOC) at 0.93 is near its industry mid-range for debt-to-equity ratio, while CNH Industrial (CNH) at 3.35 sits above its benchmark range, pointing to a heavier debt load relative to equity.

CNH

Capital Goods industry group

3.35

CNH: 3.35
Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00

NOC

Capital Goods industry group

0.93

Max: 2.33
Q3: 1.12
NOC: 0.93
Median: 0.60
Q1: 0.29
Min: 0.00

CNH Industrial (CNH) vs. Northrop Grumman (NOC): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for CNH Industrial (CNH) and Northrop Grumman (NOC)
Metric	CNH	NOC
Current Ratio (MRQ)	4.88	1.23
Debt / Equity (MRQ)	3.35	0.93
Net Debt / EBITDA	23.62	1.87

Dividends

Dividend Yield (TTM)

Northrop Grumman (NOC) at 1.82% delivers top-quartile income for its industry, while CNH Industrial (CNH) at 0.89% pays a more typical yield — both are credible income propositions, NOC the richer one.

CNH

Capital Goods industry group

0.89%

Max: 2.66%
Q3: 1.14%
CNH: 0.89%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

NOC

Capital Goods industry group

1.82%

Max: 2.66%
NOC: 1.82%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

CNH Industrial (CNH) vs. Northrop Grumman (NOC): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Both CNH Industrial (CNH) at 40.00% and Northrop Grumman (NOC) at 30.18% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

CNH

Capital Goods industry group

40.00%

Max: 67.39%
CNH: 40.00%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

NOC

Capital Goods industry group

30.18%

Max: 67.39%
NOC: 30.18%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

CNH Industrial (CNH) vs. Northrop Grumman (NOC): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for CNH Industrial (CNH) and Northrop Grumman (NOC)
Metric	CNH	NOC
Dividend Yield (TTM)	0.89%	1.82%
Dividend Payout Ratio (TTM)	40.00%	30.18%

Valuation

P/E Ratio (TTM)

Northrop Grumman (NOC) at 16.57 sits in the cheaper P/E ratio quartile, while CNH Industrial (CNH) at 46.24 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

CNH

Capital Goods industry group

46.24

Max: 59.38
CNH: 46.24
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03

NOC

Capital Goods industry group

16.57

Max: 59.38
Q3: 35.92
Median: 25.41
Q1: 19.47
NOC: 16.57
Min: 3.03

CNH Industrial (CNH) vs. Northrop Grumman (NOC): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

CNH Industrial (CNH) at 1.02 sits in the cheaper P/S ratio quartile while Northrop Grumman (NOC) at 1.71 prices around its industry’s middle — CNH costs less per dollar of sales, though read it alongside growth and margins.

CNH

Capital Goods industry group

1.02

Max: 7.54
Q3: 3.76
Median: 2.15
Q1: 1.03
CNH: 1.02
Min: 0.03

NOC

Capital Goods industry group

1.71

Max: 7.54
Q3: 3.76
Median: 2.15
NOC: 1.71
Q1: 1.03
Min: 0.03

CNH Industrial (CNH) vs. Northrop Grumman (NOC): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both CNH Industrial (CNH) at 1.84 and Northrop Grumman (NOC) at 3.99 are valued close to their industries’ norm against book — neither stands out from peers.

CNH

Capital Goods industry group

1.84

Max: 9.66
Q3: 5.00
Median: 3.12
CNH: 1.84
Q1: 1.81
Min: -1.08

NOC

Capital Goods industry group

3.99

Max: 9.66
Q3: 5.00
NOC: 3.99
Median: 3.12
Q1: 1.81
Min: -1.08

CNH Industrial (CNH) vs. Northrop Grumman (NOC): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for CNH Industrial (CNH) and Northrop Grumman (NOC)
Metric	CNH	NOC
P/E Ratio (TTM)	46.24	16.57
P/S Ratio (TTM)	1.02	1.71
P/B Ratio (MRQ)	1.84	3.99
Free Cash Flow Yield (TTM)	3.03%	4.21%